Detailed Single Year Tables

Description of Proposed Provision:
After the normal retirement age (NRA) reaches 67 for those age 62 in 2022, index the NRA to maintain a constant ratio of expected retirement years (life expectancy at NRA) to potential work years (NRA minus 20). We assume the NRA will increase 1 month every 2 years.

&nbsp

Financial Estimates for the OASDI Trust Fund Program

&nbsp

&nbsp

Proposal

&nbsp

Change from Present Law

&nbsp

Expressed as a percentage of present-law taxable payroll

Trust fund ratio as of January 1

Expressed as a percentage ofpresent-law taxable payroll

Calendaryear

Costrate

Incomerate

Annualbalance

Costrate

Incomerate

Annualbalance

2013

13.95

12.69

-1.26

330

0.00

0.00

0.00

2014

14.04

12.83

-1.20

315

0.00

0.00

0.00

2015

13.97

12.86

-1.10

301

0.00

0.00

0.00

2016

13.91

12.88

-1.03

286

0.00

0.00

0.00

2017

13.88

12.90

-0.98

271

0.00

0.00

0.00

2018

13.91

12.93

-0.98

257

0.00

0.00

0.00

2019

14.06

12.95

-1.11

244

0.00

0.00

0.00

2020

14.26

12.97

-1.29

231

0.00

0.00

0.00

2021

14.44

12.99

-1.45

218

0.00

0.00

0.00

2022

14.70

13.03

-1.68

204

0.00

0.00

0.00

2023

14.96

13.04

-1.92

189

0.00

0.00

0.00

2024

15.22

13.06

-2.16

174

-0.01

0.00

0.01

2025

15.46

13.07

-2.39

158

-0.01

0.00

0.01

2026

15.69

13.08

-2.61

142

-0.02

0.00

0.02

2027

15.90

13.10

-2.81

125

-0.02

0.00

0.02

2028

16.10

13.11

-3.00

108

-0.03

0.00

0.03

2029

16.29

13.12

-3.17

91

-0.04

0.00

0.04

2030

16.45

13.13

-3.32

72

-0.04

0.00

0.04

2031

16.57

13.14

-3.43

53

-0.06

0.00

0.06

2032

16.67

13.15

-3.52

33

-0.08

0.00

0.08

2033

16.76

13.15

-3.60

13

-0.10

0.00

0.10

2034

16.82

13.16

-3.66

----

-0.12

0.00

0.11

2035

16.84

13.16

-3.68

----

-0.14

0.00

0.13

2036

16.85

13.16

-3.69

----

-0.16

0.00

0.15

2037

16.85

13.17

-3.68

----

-0.18

-0.01

0.17

2038

16.82

13.17

-3.65

----

-0.20

-0.01

0.19

2039

16.77

13.16

-3.60

----

-0.22

-0.01

0.22

2040

16.72

13.16

-3.56

----

-0.24

-0.01

0.23

2041

16.67

13.16

-3.50

----

-0.26

-0.01

0.25

2042

16.61

13.16

-3.45

----

-0.28

-0.01

0.27

2043

16.56

13.16

-3.40

----

-0.31

-0.01

0.30

2044

16.51

13.16

-3.35

----

-0.33

-0.01

0.32

2045

16.47

13.16

-3.31

----

-0.36

-0.01

0.35

2046

16.43

13.16

-3.28

----

-0.38

-0.01

0.37

2047

16.39

13.16

-3.24

----

-0.41

-0.01

0.40

2048

16.35

13.15

-3.20

----

-0.44

-0.01

0.43

2049

16.31

13.15

-3.16

----

-0.47

-0.02

0.46

2050

16.28

13.15

-3.13

----

-0.50

-0.02

0.48

2051

16.26

13.15

-3.10

----

-0.53

-0.02

0.52

2052

16.24

13.15

-3.09

----

-0.57

-0.02

0.55

2053

16.24

13.15

-3.08

----

-0.60

-0.02

0.58

2054

16.24

13.16

-3.09

----

-0.63

-0.02

0.61

2055

16.25

13.16

-3.10

----

-0.66

-0.02

0.63

2056

16.27

13.16

-3.11

----

-0.69

-0.02

0.66

2057

16.29

13.16

-3.13

----

-0.71

-0.03

0.69

2058

16.31

13.16

-3.15

----

-0.74

-0.03

0.72

2059

16.32

13.16

-3.16

----

-0.77

-0.03

0.74

2060

16.34

13.17

-3.17

----

-0.80

-0.03

0.77

2061

16.36

13.17

-3.19

----

-0.83

-0.03

0.80

2062

16.37

13.17

-3.20

----

-0.86

-0.03

0.83

2063

16.38

13.17

-3.21

----

-0.89

-0.03

0.86

2064

16.39

13.17

-3.22

----

-0.92

-0.03

0.88

2065

16.41

13.17

-3.23

----

-0.95

-0.04

0.91

2066

16.42

13.17

-3.25

----

-0.98

-0.04

0.94

2067

16.44

13.18

-3.26

----

-1.01

-0.04

0.97

2068

16.45

13.18

-3.28

----

-1.04

-0.04

1.00

2069

16.47

13.18

-3.29

----

-1.07

-0.04

1.03

2070

16.48

13.18

-3.30

----

-1.11

-0.04

1.06

2071

16.48

13.18

-3.30

----

-1.14

-0.04

1.10

2072

16.48

13.18

-3.30

----

-1.17

-0.04

1.13

2073

16.48

13.18

-3.30

----

-1.21

-0.05

1.16

2074

16.47

13.18

-3.29

----

-1.24

-0.05

1.19

2075

16.45

13.18

-3.27

----

-1.27

-0.05

1.22

2076

16.43

13.18

-3.25

----

-1.30

-0.05

1.25

2077

16.41

13.18

-3.23

----

-1.33

-0.05

1.28

2078

16.38

13.18

-3.20

----

-1.36

-0.05

1.31

2079

16.35

13.18

-3.17

----

-1.40

-0.06

1.34

2080

16.32

13.18

-3.15

----

-1.44

-0.06

1.38

2081

16.30

13.18

-3.12

----

-1.48

-0.06

1.42

2082

16.28

13.18

-3.11

----

-1.52

-0.06

1.46

2083

16.28

13.18

-3.10

----

-1.55

-0.06

1.49

2084

16.28

13.18

-3.11

----

-1.59

-0.06

1.53

2085

16.29

13.18

-3.12

----

-1.62

-0.06

1.56

2086

16.31

13.18

-3.13

----

-1.66

-0.07

1.59

2087

16.33

13.18

-3.15

----

-1.68

-0.07

1.62

2088

16.36

13.18

-3.18

----

-1.71

-0.07

1.64

&nbsp

Summarized Estimates

&nbsp

&nbsp

Proposal

&nbsp

Change from Present Law

Years

Costrate

Incomerate

Actuarialbalance

Year of reserve depletion1

Costrate

Incomerate

Actuarialbalance

Based on Intermediate Assumptions of the 2013 Trustees Report.

2013-2087

16.10%

13.86%

-2.24%

2033

-0.49%

-0.02%

0.48%

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1 Under present law, the year of Trust
Fund reserve depletion is 2033.